Purpose

The UK foreign exchange market is a globally significant foreign exchange market formed through a long historical development process. It is characterized by large trading volume, a rich variety of trading instruments, and numerous market participants, holding a pivotal position in global foreign exchange trading. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team traveled to the UK for a physical visit.

Process

In this issue, the on-site inspection team went to the United Kingdom as planned to conduct an on-site visit to the forex broker TradeFxP. According to public information, its office address is 20-22 Wenlock Rd, London N1 7GU, United Kingdom.

A professional and experienced on-site verification team, driven by a sense of mission to rigorously vet for investors, traveled to the United Kingdom according to a well-planned schedule to conduct a physical verification of the broker TradeFxP that claims to be located at 20-22 Wenlock Rd, London N1 7GU, United Kingdom.

The verification personnel successfully arrived at the target building, which is located in an area near central London, on a street that is not particularly bustling. The building's exterior shows that the office building is decently renovated. However, this is a shared office space, and many financial companies are registered here. No company signage or related information for TradeFxP was found on the exterior of the building.

The verification personnel entered the building lobby, explained their purpose to the security guard or staff, and after communication, obtained permission to enter.

However, no directory listing for TradeFxP was found inside the building, nor was the company's LOGO seen. Due to the lack of specific floor location information and other reasons, it was not possible to reach the specific floor and confirm its exact location, and thus not possible to enter the company's interior.

From the lobby area, as entry to the interior was not possible, it was not possible to observe the company's internal office environment and other conditions. The reception desk was also unable to provide any information about the TradeFxP company. The overall situation does not align with its claimed positioning of having an independent office space.

Therefore, after the on-site verification, it is confirmed that broker TradeFxP does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker TradeFxP in the UK as planned. At the publicly displayed business address, the broker's company name and other information could not be seen, indicating that the broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be used as the final basis for selection.